The Client:
Our client, OneVault, which has recently received its EMI licence from the Central Bank of Cyprus is looking to recruit a detail-oriented and experienced AMLCO & Compliance Officer with strong risk monitoring capabilities to ensure adherence to regulatory requirements, mitigate financial crime risks, and enhance the compliance framework.
OneVault is member of Finvasia Gorup which is a global enterprise with headquarters in Chandigarh, India, offering services in 4 sectors of expertise – financial services, healthcare, blockchain and real estate.
The Position:
The AMLCO & Compliance Officer will report to the Board of Directors. This role will oversee anti-money laundering (AML) compliance, regulatory reporting, and risk assessment processes to safeguard the integrity of the organization.
Responsibilities:
1) Key Responsibilities:
Act as the designated Anti-Money Laundering Compliance Officer (AMLCO), ensuring full compliance with AML/CFT regulations.
Develop, implement, and maintain AML policies and procedures in line with regulatory standards.
Oversee customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring of transactions.
Conduct and oversee suspicious activity investigations and file Suspicious Activity Reports (SARs) as required.
Manage and mitigate risk related to sanctions violations.
Liaise with regulatory authorities and internal stakeholders on AML compliance matters.
Serving as a liaison to the local authorities, managing filings to the local Financial Investigation Unit
Partnering with Product Owners to drive the appropriate execution of compliance requirements.
Assigning and delegating tasks to other officers and employees acting under his/her supervision
2) Regulatory Compliance:
Stay updated on applicable laws, regulations, and guidelines issued by regulatory bodies.
Ensure the organization’s policies align with industry’s best practices and regulatory expectations.
Provide training and awareness programs on AML/CFT compliance for employees.
Maintain documentation and reports related to AML compliance and regulatory examinations.
Perform regular compliance risk assessments to identify, assess, and mitigate risks.
Utilize data analytics and risk monitoring tools to detect suspicious activities and patterns.
Preparing annual regulatory reports or ad hoc when required by the regulator.
3) Internal Controls & Compliance Review:
Conduct regular compliance reviews, audits, and stress tests on AML and compliance controls.
Identify gaps in controls and recommend corrective actions to strengthen compliance mechanisms.
Foster a culture of compliance and ethical conduct across the organization.
Requirements:
Bachelor’s degree in Finance, Law, Business, or a related field
AML certifications are highly desirable.
Minimum 5 years of experience in AML compliance, regulatory compliance, or risk monitoring within the financial services sector.
Strong knowledge of AML/CFT regulations, risk assessment methodologies, and regulatory frameworks.
Ability to practice critical thinking and risk based approach in evaluating customer business models.
Familiarity with compliance monitoring tools and technologies.
Able to work on own initiative, independently, prioritize workload and pay attention to details.
Strong communication and interpersonal skills.
Fluent in both English and Greek (written and verbal).
Computer literacy, knowledgeable in Excel.
Location:
Client’s Offices in Nicosia, Cyprus
Benefits: An attractive remuneration package will be offered to the successful candidate according to qualifications and experience.
Apply now in strict confidence.
Only successful candidates will be contacted